Jim Oliver's Insurance Agency<br />&nbsp;(805)985-5488
  • Home
  • The Oliver Twist
  • Farmers Insurance
  • Health Insurance
  • Auto Insurance
  • Fire Insurance
  • Life Insurance
  • Business Insurance
  • Motorcycles
  • Water Craft
  • Contact Information
  • Claims Information
  • License 0826231

Who Needs Life Insurance?

8/15/2018

0 Comments

 
Picture
Life insurance is something few of us like talking about because using it would mean we are no longer alive. According to 2017 statistics from the industry groups Life Happens and LIMRA, while 70% of Americans consider life insurance a necessity for themselves, 41% have no life insurance at all.

So who needs Life Insurance?

When you are the family breadwinner. Life insurance can provide “income replacement” so that your family can continue to pay everyday expenses. Dave Ramsey recommends 10 to 12 times your annual salary.

When you are a stay at home parent. Life insurance would cover the cost of paying for services the parent does for “free,” such as child care.

When you are a divorced parent. A policy could cover the support payments that a divorced parent makes.

When you are the parent of  a special needs child. Life insurance can make sure the child will have financial support no matter when a parent dies.

When you are a homeowner with a mortgage. A policy can cover mortgage payments, so your family doesn’t have to move if you die.

Someone with co-signed debt (such as student loans or credit cards). Life insurance could cover the cost of the debt.

If you are in one of these categories and do not have life insurance, you can give me a call, (805)985-5488, and we can discuss how to address your situation.
0 Comments



Leave a Reply.

    Author

    Living the American Dream guy.

    Archives

    May 2022
    June 2021
    May 2021
    February 2021
    September 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    December 2018
    October 2018
    August 2018
    July 2018
    June 2018
    March 2018
    February 2018
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    March 2017
    February 2017
    January 2017
    October 2016
    September 2016
    August 2016
    May 2016
    March 2016
    January 2016
    October 2015
    June 2015
    May 2014
    March 2014
    November 2013
    August 2013
    May 2013
    March 2013
    October 2012
    August 2012
    June 2011
    May 2011

    Categories

    All
    Customer Service
    Insurance

    RSS Feed

Contact